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Can I Compare Rates for No-Fault Insurance?

When you compare auto insurance quotes, you can do an auto insurance comparison on no-fault rates if your state is one of the few that requires you to carry no-fault car insurance.

There are 12 states that no-fault insurance is allowed and out of the 12 states, nine of them require you to carry no-fault insurance in order to register your vehicle.

No-fault insurance is required in Massachusetts, Michigan, Utah, Hawaii, New York, North Dakota, Kansas, Minnesota, and Florida. The other states allow drivers to purchase a no-fault policy if they wish. Those states include Pennsylvania, New Jersey, and Kentucky.

No-fault insurance means that your car insurance company will pay for damages regardless of who is at fault in accident. The states with no-fault insurance limit the ability to sue other drivers for injury or damages incurred during an accident. This also applies to you being safe from being sued for injury or damages incurred during an accident.

The states that do have no-fault insurance regulations in effect have higher than average insurance rates due to the rate of no-fault insurance fraud that can occur when accidents happen.

Advantages of having a no-fault insurance policy include things like claims being paid quickly and there being no stress as to whether or not you will be sued by the other party. In addition, there are no long waits for court cases or lawyer fees involved in filing claims under no-fault insurance.

In a no-fault state like Florida, the state requires you to carry a Personal Injury Protection (PIP) policy that will cover you and your passengers for medical services and injuries.

The state requires a 10/20 policy which means that you are covered for $10,000 for each person in the vehicle as long as the costs do not exceed $20,000 total. One person can have a medical bill of $5,000 and another for $15,000. The $5,000 will be completely covered and the $15,000 will only be covered up to the limit of $10,000, leaving them responsible for the difference.

However, under Florida law, if you are a passenger in a vehicle and you have your own PIP policy, you will be covered under that policy and not the driver’s policy.

Most insurance companies writing policies in a state with a no-fault insurance requirement or option will be able to write a no-fault policy as well. This gives you the opportunity to compare auto insurance quotes on your no-fault insurance policy the same way that you would on a comprehensive or collision plan.

By comparing every insurance company, both online and in person, you stand a better chance of getting the best value for your money when it comes to your auto insurance premium.

If you live in a state that allows you to purchase it as an option, do an auto insurance comparison from both online and in person to see if you would like to add no-fault to your current coverage. Be sure and get a quote from your current car insurance company as well.

No-fault was designed to cut down on the costs of courts, lawyers and get injured people compensation for their injuries in a timely manner.

While it has drawbacks in fraudulent claims and raises the cost of insurance in the states that do require no-fault, it has helped injured people to get their medical bills paid for efficiently.

States that require no-fault have been working with their legislatures to stop the fraud and re-write some of the no-fault requirements, which should help to reduce the cost of insurance for everyone across the states.

By comparing rates, you can find a cheap no-fault car insurance premium.